668 Pine St - Industrial FOR SALE


Nanaimo, BC V9R 2C8
$549,000 CAD
604-691-6668
668 Pine St, Nanaimo, BC for Sale
$549,000 CAD
Industrial - FOR SALE
1/3
null | Request Cap Rate

668 Pine St
Nanaimo, BC V9R 2C8


OVERVIEW

New Price | Court Ordered Sale | Residential Redevelopment Opportunity Opportunity to acquire a 100% freehold interest in a redevelopment site that is currently improved with a non-conforming vacant, mixed-use (industrial with residential) property in a gentrifying neighbourhood less than 1.5 km from Downtown Nanaimo. The R-14 zoning permits single family and up to fourplex development up to 0.65 FSR. Building - The existing building is non-conforming. Originally constructed in 1958 (BC Assessment) this ±8,690 SF vacant building is of concrete block and wood frame construction. The building has a partial second floor with a two-bedroom suite. The main floor has what appears to have been office space that was being used as a residence and a separate warehouse area with 16 foot ceilings. The Vendor makes no representations about the building/improvements or its continued use.

FOR SALE DETAILS

PRICE

$549,000 CAD

PRICE/SF

$63 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.27

LAND SF

11,569

ZONING

R-14

APN/PARCEL ID

008-799-130

ASK ABOUT THIS PROPERTY

Sam NakhlehNAI Commercial VancouverMore Info
604-691-6668

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Sam NakhlehNAI Commercial VancouverMore Info
604-691-6668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.